19
19
tv
eye 19
favorite 0
quote 0
we're twenty four hours away from reaching this fiscal cliff is there anything that can really be done in that period of time. yeah we are definitely headed toward the fiscal cliff we begin with breaking news a major development overnight in the effort to pull the nation's economy back from the fiscal cliff this morning a bill to avert the fiscal cliff awaits president obama's signature around eleven o'clock eastern time last night the republican led house gave final approval to a bipartisan deal from the senate that you know. jack says you waited twenty years for this on the wealthiest americans two thousand and thirteen start off with a bang in our nation's capital as lawmakers rammed through legislation designed to prevent us from falling off the so-called fiscal cliff now unfortunately the end result means that nearly each and every american that means you will immediately see your taxes go up president obama signed the fiscal cliff legislation into law wednesday after reuniting with his family in the whole why. but is all this hoopla really a surprise when you consider absolutely
we're twenty four hours away from reaching this fiscal cliff is there anything that can really be done in that period of time. yeah we are definitely headed toward the fiscal cliff we begin with breaking news a major development overnight in the effort to pull the nation's economy back from the fiscal cliff this morning a bill to avert the fiscal cliff awaits president obama's signature around eleven o'clock eastern time last night the republican led house gave final approval to a bipartisan...
243
243
Jan 28, 2013
01/13
by
FOXNEWSW
tv
eye 243
favorite 0
quote 0
the tax deal that was just done on the fiscal cliff was supposed to solve or help with revenue but in the first year sandy wipes out the savings in in 2013 and undercovers how difficult it is to work on the debt it defines tax-and-spend. >> both agree this is money well spent negotiation? >> sure, but the issue is, do you add it to the deficit in door you go ahead and find offsets? there are a lot of things that folks have problems with. one is that the a lot of the spending did not happen until 2013 and in the future. there was an argument that okay, we will take care of the emergency needs in the next year and a half and declare those an emergency and allow that to go under the deficit but money spent after 2014, make that compete in the regular budget process with all the other money so that way you find offsets or lesser programs if we have to spend. so the question is not, do you spend the up. the question is, do you borrow from the future to spend the money or do you find other ways to take care of it? >> what do you think? some say there are so many things that go directly to t
the tax deal that was just done on the fiscal cliff was supposed to solve or help with revenue but in the first year sandy wipes out the savings in in 2013 and undercovers how difficult it is to work on the debt it defines tax-and-spend. >> both agree this is money well spent negotiation? >> sure, but the issue is, do you add it to the deficit in door you go ahead and find offsets? there are a lot of things that folks have problems with. one is that the a lot of the spending did not...
87
87
Apr 1, 2013
04/13
by
KICU
tv
eye 87
favorite 0
quote 0
remember all that tax noise with the fiscal cliff? don't let it distract you. most of that will affect 2013 taxes. you or your accountant are working on your taxes for 2012. you need to focus, read the instructions and take your time. "i just fill out my forms really quickly. i really don't look at it too much." no, you're just going to make mistakes: the most common are incorrect data, such as math errors or writing down the wrong social security number; insufficient payment, making your check to uncle sam for the wrong amount; and filing late instead of filing for an extension. tax guides tell you one way to avoid mistakes: look at your 2011 returns. you might see a stock loss, for example, you couldn't deduct before. "you might also have items of deductions on income you weren't thinking about for 2012 that looking at your prior year return will jog your memory." and speaking of deductions, about 45 million americans itemize, claiming more than a trillion dollars in deductions. so what do you think are most often overlooked deductions? "there's probably on o
remember all that tax noise with the fiscal cliff? don't let it distract you. most of that will affect 2013 taxes. you or your accountant are working on your taxes for 2012. you need to focus, read the instructions and take your time. "i just fill out my forms really quickly. i really don't look at it too much." no, you're just going to make mistakes: the most common are incorrect data, such as math errors or writing down the wrong social security number; insufficient payment, making...
78
78
Jan 1, 2013
01/13
by
WMAR
tv
eye 78
favorite 0
quote 0
but the country did technically go over the fiscal cliff. but they are working to fix everything so that we don't feel the pain of going over the fiscal cliff. so, how will the house vote? that's the big question coming in to today. and the short answer is we are not sure because house leaders put out a statement following the vote in the senate and they gave no promises. they simply said that they will consider is coming to them. they will read it and they will make their decision after that. but no indication whether they will do as the senate did or will they go the other way. >> vice president said you can never guess how the house will vote. renee marsh with us live in dc thanks for the time. >>> in news around nation, a parking lot scuffle gets nasty in the state of georgia. a woman faces charges after police say she hate teen with her suv hit a teen with her suv. angela cornet got into a arrangement with a 17-year-old girl saving the space for a friend at wal-mart. >> she told her to move and pulled into the parking spot a hit her wit
but the country did technically go over the fiscal cliff. but they are working to fix everything so that we don't feel the pain of going over the fiscal cliff. so, how will the house vote? that's the big question coming in to today. and the short answer is we are not sure because house leaders put out a statement following the vote in the senate and they gave no promises. they simply said that they will consider is coming to them. they will read it and they will make their decision after that....
85
85
Jan 5, 2013
01/13
by
MSNBCW
tv
eye 85
favorite 0
quote 0
on the fiscal cliff. but as far as the policies go, the resolution was not a huge success. up next, just what we need to be doing for the economy if we could strip away all the politics. c'mon dad! i'm here to unleash my inner cowboy... instead i got heartburn. [ horse neighs ] hold up partner. prilosec isn't for fast relief. try alka-seltzer. kills heartburn fast. yeehaw! [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. >>> let's say i gave you just three pieces of information about the economy. piece number one, we have a terrible unemployment problem that is not solving itself. number two, we have big deficits that will likely become unsustainable in the coming years, but right now are not a problem. and three, the u.s. can borrow cheap. given these three premises, what sort of
on the fiscal cliff. but as far as the policies go, the resolution was not a huge success. up next, just what we need to be doing for the economy if we could strip away all the politics. c'mon dad! i'm here to unleash my inner cowboy... instead i got heartburn. [ horse neighs ] hold up partner. prilosec isn't for fast relief. try alka-seltzer. kills heartburn fast. yeehaw! [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup...
104
104
Feb 22, 2013
02/13
by
CSPAN
tv
eye 104
favorite 0
quote 0
they'll figure out the solution, just like they figured out the solution on the fiscal cliff. >> so you're not telling them that they shouldn't -- >> i have not told them the specifics about how to solve it. another. figure it out. that's the way we've always done things around here. have a great weekend, everybody. >> i want to thank secretary lahood with whom it is always a pleasure to share this podium. seriously. and he'll be missed by me and house. if i could just -- in answer to the question in the back, we'll just go straight to the issue here. the way to avert sequester is to pass a bill that can be agreed to by democrats and republicans that either buys down the sequester or, when there was time to do this, that achieves the $4-trillion goal by reducing the deficit further along the lines of the big deal that president obama and speaker boehner were talking about during the fiscal cliff negotiations. there's the offer the president made is still on the table -- spending cuts, entitlement savings, and revenues through tax reform. in this process, if you accept the premise that for
they'll figure out the solution, just like they figured out the solution on the fiscal cliff. >> so you're not telling them that they shouldn't -- >> i have not told them the specifics about how to solve it. another. figure it out. that's the way we've always done things around here. have a great weekend, everybody. >> i want to thank secretary lahood with whom it is always a pleasure to share this podium. seriously. and he'll be missed by me and house. if i could just -- in...
208
208
tv
eye 208
favorite 0
quote 0
cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and prevent a big tax hike in an estate valued at less than $5 million and extend unemployment benefits for 2 million people. the house will take it up later this morning, the hope is that chamber can pass it before the economy is rocked by the tax hikes. >> happy new year. i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to p
cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote...
42
42
Jan 5, 2013
01/13
by
MSNBCW
tv
eye 42
favorite 0
quote 0
on the fiscal cliff. but as far as the policies go, the resolution was not a huge success. up next, just what we need to be doing for the economy if we could strip away all the politics. to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >>> let's say i gave you just three pieces of information about the economy. piece number one, we have a terrible unemployment problem that is not solving itself. number two, we have big deficits that will likely become insustai unsustainable in the coming years, but right now are not a problem. and three, the u.s. can borrow cheap. given these three premises, what sort of economic policy would you push fo
on the fiscal cliff. but as far as the policies go, the resolution was not a huge success. up next, just what we need to be doing for the economy if we could strip away all the politics. to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ many hot dogs are within you. try pepto-bismol...
97
97
Jul 19, 2013
07/13
by
MSNBCW
tv
eye 97
favorite 0
quote 0
cliff, we got things done. >> you produced about -- >> we got things done though. we mopped legislation. we will go -- >> let me ask you about redistricting. it's texas and florida are the two. do you think they'll be new maps? >> that's something the courts in both states have to decide upon. >> we'll just get handed what the courts -- >> but those are the two, i think texas will probably company out about where it's at, the legislature's -- >> i want to talk about this primary issue. you have club for growth. primary. you were a target for them. they announce their first big successful recruitment against mike simpson in idaho. how much of it -- is there any chance any incumbent republican and the nrcc would not get nrcc support? >> i would hope the club for growth would be about beating democrats and growing our majority but we're not the only party, by the way, chuck, with primaries. we got mike mcintyre down in north carolina now facing a primary because he's too moderate or whatever for the democrats. county commission, african-american, down there, is challe
cliff, we got things done. >> you produced about -- >> we got things done though. we mopped legislation. we will go -- >> let me ask you about redistricting. it's texas and florida are the two. do you think they'll be new maps? >> that's something the courts in both states have to decide upon. >> we'll just get handed what the courts -- >> but those are the two, i think texas will probably company out about where it's at, the legislature's -- >> i want...
55
55
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 55
favorite 0
quote 0
cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all over again on thursday with the 113th congress? nbc's luke russert has been reporting for us and he was speaking with members early and heard from one member, luke, and i found this very interesting, you said that that member told you that was in the room for one of the meetings in the conference, 40 members spoke up, 37 spoke out against the plan, and 3 spoke for it. who are those three? who might they be? and what is the sentiment they have that they're so brave as it sounds to be one of the few? >> reporter: well, with h
cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all...
155
155
Feb 24, 2013
02/13
by
KPIX
tv
eye 155
favorite 0
quote 0
cliff deal, lighten up on that, put taxes on the table or loophole tolz get this result. >> before we approach this transportation bill this session, we had major spending cuts. we've had other tax decreases. we've done a lot of things to get us to be a very competitive state for job creation, economic development. but we had a different approach when it came to infrastructure. what i would say-- and governor o'malley and i agree and we're work together to make sure we don't have the defense industry hurt this badly and 200,000 jobs from my state over 10 years. i would say you can't solve the budget crisis if you don't take on medicaid and medicare and get serious about things like simpson-bowles and actually cutting spending. i would say that's where they've got to go first. they've had 18 months. >> garrett: so no tax increases? >> the solution is up to congress. i'm saying don't put all the burdens on the states and the military. you guys figure out how to get it done glaring some of the things the administration has said would be fewer border patrol agents. do you worry about that
cliff deal, lighten up on that, put taxes on the table or loophole tolz get this result. >> before we approach this transportation bill this session, we had major spending cuts. we've had other tax decreases. we've done a lot of things to get us to be a very competitive state for job creation, economic development. but we had a different approach when it came to infrastructure. what i would say-- and governor o'malley and i agree and we're work together to make sure we don't have the...
170
170
Jan 7, 2013
01/13
by
CNBC
tv
eye 170
favorite 0
quote 0
no that we're done with this fiscal cliff situation, i think we do have a bit of wind behind our sails. however, we don't think that 2013 will be as strong as 2012 given the fact that so many people were underexposed stocks in 2012. we've had this kind of natural rotation back in. i think 2013 will be positive. >> but are we really done is the question. we've got the debt ceiling debt bait coming. peter, what's your take? >> well, i think the debt ceiling, we've been through that before -- once before. this second time i think it's going to be actually maybe too much to say a piece of cake, but we've seen it before and i think that we will sail through that. and earnings, i'm looking at earnings to be probably sideways this past quarter. going into 2013 i think it's going to be one heck of a year. >> you mean a strong year? >> yes. strong. >> and you think stocks react to that? >> i do. i think they will react very strongly. i think there's a lot of risk, uncertainty out there. but on top of that, i think you will see stock buybacks. and i also still think you will see some dividend in
no that we're done with this fiscal cliff situation, i think we do have a bit of wind behind our sails. however, we don't think that 2013 will be as strong as 2012 given the fact that so many people were underexposed stocks in 2012. we've had this kind of natural rotation back in. i think 2013 will be positive. >> but are we really done is the question. we've got the debt ceiling debt bait coming. peter, what's your take? >> well, i think the debt ceiling, we've been through that...
95
95
tv
eye 95
favorite 0
quote 0
also coming up the top of the hour, the fiscal cliff deal is done, no spending cuts, in fact, turns out congress is doubling down again on wind energy. billions in tax breaks for the industry, find out how much 10 a.m. eastern this morning. watch out, cable companies. forbes i should say, forbes is reporting that intel is getting ready to offer people the ability to subscribe to individual channels. nicole, we call intel a door stopper stock, never goes anywhere. >> and yesterday it was higher. it's pulling back a little bit today. you're talking to develop internet-based tv service and this could seriously be competition to cable companies, to the idea of apple tv. it's only in its development stages, but this will be something interesting to follow for intel, completely different than now. >> i figure the cable operators lose if this happens and i guess the content providers-- i'm trying to work out the winners and losers on that one, i'm not sure i can do it. i need some help. thank you very much indeed. the dow is off 42 points now after a 300 point rally yesterday. i've got seven e
also coming up the top of the hour, the fiscal cliff deal is done, no spending cuts, in fact, turns out congress is doubling down again on wind energy. billions in tax breaks for the industry, find out how much 10 a.m. eastern this morning. watch out, cable companies. forbes i should say, forbes is reporting that intel is getting ready to offer people the ability to subscribe to individual channels. nicole, we call intel a door stopper stock, never goes anywhere. >> and yesterday it was...
107
107
tv
eye 107
favorite 0
quote 0
and there's a new call for a vote on that senate deal to avoid the fiscal cliff. but it looks like the senate is done for now. >> the survivor of the massacre at sandy hook are preparing to take a new step towards returning to life in the classroom. >>> flames devour a church on new years's day. but it i might the faithful to come together. good evening and happy new we are. i'm jim handly. >> i'm angie goss in for wendy rieger. >> so close and yet so far. right now the country remains without a deal on the fiscal cliff. although the senate's solution passed by an overwhelming majority this morning, the process has come to a screeching halt on the house side. the number two republican in the house, virginia congressman eric cantor, says he cannot support the bill as it stands now. many republicans say that they are upset the bill doesn't do much to cut federal spending. democrats are demanding the vote but house speaker john boehner has not agreed to let members vote or amend the bill. >> that's fair enough. some have principled opposition. you also have to be pic
and there's a new call for a vote on that senate deal to avoid the fiscal cliff. but it looks like the senate is done for now. >> the survivor of the massacre at sandy hook are preparing to take a new step towards returning to life in the classroom. >>> flames devour a church on new years's day. but it i might the faithful to come together. good evening and happy new we are. i'm jim handly. >> i'm angie goss in for wendy rieger. >> so close and yet so far. right now...
146
146
Feb 4, 2013
02/13
by
FOXNEWSW
tv
eye 146
favorite 0
quote 0
we did this fiscal cliff thing. when it was down to the wire. i remember talking about we had cameras outside the white house. they came up with a deal at the very last second on new year's eve or new year's day, and promised that was it for revenues. going raise taxes from 36% up to 39.6%. we're going to raise capital gains taxes, they shook on it, and parted ways. here we are a month and a day later and president obama says, you know that revenue thing? they're going up. we have to raise more taxes. >> you're absolutely right. i think if you look at the inaugural address there was very little about the economy or about the deficit and debt in it, and for the most part that hasn't been where their attention is. clearly they don't want much in the way of spending cuts. if you listen to them, they feel they've already made some cuts and simply don't want to do anymore. so they're now looking for some revenue by and large with sort of vulnerable groups like oil and gas and out of state -- out of country corporations, people they think they can rai
we did this fiscal cliff thing. when it was down to the wire. i remember talking about we had cameras outside the white house. they came up with a deal at the very last second on new year's eve or new year's day, and promised that was it for revenues. going raise taxes from 36% up to 39.6%. we're going to raise capital gains taxes, they shook on it, and parted ways. here we are a month and a day later and president obama says, you know that revenue thing? they're going up. we have to raise more...
83
83
Jan 9, 2013
01/13
by
MSNBCW
tv
eye 83
favorite 0
quote 0
cliff thing, why can't they get it done? i mean, i can't go to knew job and not get things done. and then we spoke with rick nolan back 32 years after he retired from the house. and here's what he had to say, at least in part, about what's wrong with washington. >> right now, members of congress are expected to spend, you know, 30 hours a week in call time, dial for dollars. they need to take the toxic influence that money's having on campaigns and elections and we need to go for work five days a like like everybody else in america does. >> and chris, he followed that up by saying when he came to congress in the '70s. they worked 48 out of 52 weeks. now, it's 32 weeks. if you hear constituents, they'd say, i'd like to work 32 weeks. does he have a point? >> yeah, he has a point. listen, i worked up they're not that long ago. you know, i'm not going to sit there and say that folks don't work hard and the staff don't work hard. but my father didn't -- you know, when he went to work, didn't have multiple weeks off every few mon
cliff thing, why can't they get it done? i mean, i can't go to knew job and not get things done. and then we spoke with rick nolan back 32 years after he retired from the house. and here's what he had to say, at least in part, about what's wrong with washington. >> right now, members of congress are expected to spend, you know, 30 hours a week in call time, dial for dollars. they need to take the toxic influence that money's having on campaigns and elections and we need to go for work...
120
120
Mar 1, 2013
03/13
by
MSNBCW
tv
eye 120
favorite 0
quote 0
he would have gotten the grand bargain done and we probably wouldn't have had the fiscal cliff and all of these other showdowns and manufactured crises we've had over the past couple of years. but because the republican party put all of his chips on the tea party in 2010 and brought these folks to washington, now you have lots of people in capitol hill, and i'm talking about republicans who are constantly looking over their right shoulder worried about whether there's going to be a primary challenge to them if they do something that smacks up governing. >> you know, it goes to your point when i look at the fact that tea parties who pushed hard for a sequester have won their first big fight in congress with the automatic budget cuts. in many ways, a sequester marks the tea party movement's maturation into a virtually mainstream role in the republican party. cutting the pentagon's buchblgt once was unthinkable. but now it is trumped by the drive to keep down taxes whenever possible. >>> victoria, when you see this, you actually understand how much in charge of the party the tea party has
he would have gotten the grand bargain done and we probably wouldn't have had the fiscal cliff and all of these other showdowns and manufactured crises we've had over the past couple of years. but because the republican party put all of his chips on the tea party in 2010 and brought these folks to washington, now you have lots of people in capitol hill, and i'm talking about republicans who are constantly looking over their right shoulder worried about whether there's going to be a primary...
807
807
tv
eye 807
favorite 0
quote 2
with the fiscal cliff mess, the debt ceiling, the funding of the government. we're at least two or three months away before this can even be considered and that's a lot of time. we do have attention deficit disorder, and there will be a real challenge to get any gun control legislation passed. >> the real tragedy, the children unbelievable through all our attention but the firefighters trying to save lives on christmas eve, i think that -- i've done criminal defense work for years and been to murder scenes, this violence, you talk about the chicago schools, it is horrible, i mean chicago violence, a lot was in schools and we've got -- >> 25 sandy hooks in one year. >> national narrative not just -- we've got to look at all communities and see what's going on in all communities and on in all communities and we've got to stop being so numb to the violence and just say, okay. >> real quickly, how many do you think there will be a real serious package of reforms passed by congress this year. >> on guns? i think it's as likely as a serious package on immigration re
with the fiscal cliff mess, the debt ceiling, the funding of the government. we're at least two or three months away before this can even be considered and that's a lot of time. we do have attention deficit disorder, and there will be a real challenge to get any gun control legislation passed. >> the real tragedy, the children unbelievable through all our attention but the firefighters trying to save lives on christmas eve, i think that -- i've done criminal defense work for years and...
288
288
Jan 20, 2013
01/13
by
CNNW
tv
eye 288
favorite 0
quote 0
he's looking, you know, he boxed them in on the fiscal cliff. he got what he wanted out of that basically. he's done well with his appointme appointments. he's going to get chuck hagel approved, i think. he's going to get some victories. but i worry whether he's doing this in a way that seems host still to republicans and whether for the big -- he's going to win battles but will he win the war? is he going to lose the war by being so tough. >> david, republicans are so unpopular right now, 26% approval according to some polls, that's an advantage for this president. and he's also found a division of labor, sort of like a good marriage, who takes out the garbage. well, he has joe biden to deal with the people he doesn't want to deal with, right? >> if we look back at the end of the next year, we'll get an answer to that. kuz he get a grand bargain, significant immigration through, serious gun reform through. it's too early to judge. we don't know whether -- the republicans are parading through here at cnn today, they're all saying how hyper parti
he's looking, you know, he boxed them in on the fiscal cliff. he got what he wanted out of that basically. he's done well with his appointme appointments. he's going to get chuck hagel approved, i think. he's going to get some victories. but i worry whether he's doing this in a way that seems host still to republicans and whether for the big -- he's going to win battles but will he win the war? is he going to lose the war by being so tough. >> david, republicans are so unpopular right...
59
59
Jan 2, 2013
01/13
by
WMAR
tv
eye 59
favorite 0
quote 0
but last night congress sent president obama a deal on the fiscal cliff. after months of drama and some tense last-minute negotiations, congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: lawmakers completely blew their deadline. they didn't get the grand bargain both parties claimed was their ultimate goal. both democrats and republicans gave themselves credit for getting something done. >> this is a very, very strong first step. >> this is an important one. this is a critical one for the future of the country. >> reporter: there was considerable hand ringing among republicans about a lack of spending cuts. some wanted to add them in, but ultimately there wasn't enough votes to get it passed. this fiscal cliff deal, which passed the senate with overwhelming bipartisan support would extend tax cuts for all workers earning less than $400,000 a year, prevent
but last night congress sent president obama a deal on the fiscal cliff. after months of drama and some tense last-minute negotiations, congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: lawmakers completely blew their deadline. they didn't get the grand bargain both parties claimed...
204
204
Jan 2, 2013
01/13
by
CNNW
tv
eye 204
favorite 0
quote 0
what really didn't get done is what the whole fiscal cliff was supposed to serve as an incentive to do, which was deficit reduction on a larger scale to deal with the long-term fiscal health of the country. that's what we will see congress tackling or trying to tackle in the coming months. entitlement reform. trying to make sure medicare and social security don't cost so much money over time. and also tax reform, trying to bring in some more revenue. republicans, more a fan of entitlement reform obviously than democrats. and democrats want to see it increased revenue through tax reform. those are the big things, and spending cuts only dealt with avoiding the sequester for a couple of months and the debt limit wasn't increased that, is still looming and we'll see the fight here in the next couple of months. >> we sure will. who are the winners and losers in the first fiscal cliff fight. >> this is interesting. there are obvious ones. and it's people who make a lot of money. cutoff of $450,000, $400,000 for individuals. but there is an itemized deduction cap. if you itemize, the cutoff i
what really didn't get done is what the whole fiscal cliff was supposed to serve as an incentive to do, which was deficit reduction on a larger scale to deal with the long-term fiscal health of the country. that's what we will see congress tackling or trying to tackle in the coming months. entitlement reform. trying to make sure medicare and social security don't cost so much money over time. and also tax reform, trying to bring in some more revenue. republicans, more a fan of entitlement...
124
124
Jan 6, 2013
01/13
by
KBCW
tv
eye 124
favorite 0
quote 0
this fiscal cliff was so loaded with pork. is this the only way we can get things done in politics anymore. >> you refer to it as pork. it is a method by which you respond to the interests of the people who are to cast the vote and that's not pork. >> what is that then? >> paola? >> no. it's a way to go around the system -- >> it makes the system work, not go around the system. >> it goes around the system. items of pork are voted on and that may make the system work for people behind -- >> they are in fact items that need to be appropriately addressed for purposes of keeping the economy going. >> yeah, like subsidies to rum producers and subsidies for nascar track owners. >> they don't have votes, joseph. >> exactly. i know -- >> they all have an interest, joseph and while their interests may not be taxes on the wealthy, they are prepared to put taxes on the wealthy provide you take care of their racetrack. >> they were wealthyenoughtohirealobbyistto get around the rules. >> the rules are the rules and nothing violated any of
this fiscal cliff was so loaded with pork. is this the only way we can get things done in politics anymore. >> you refer to it as pork. it is a method by which you respond to the interests of the people who are to cast the vote and that's not pork. >> what is that then? >> paola? >> no. it's a way to go around the system -- >> it makes the system work, not go around the system. >> it goes around the system. items of pork are voted on and that may make the...
57
57
Apr 11, 2013
04/13
by
FBC
tv
eye 57
favorite 0
quote 0
he got $600 billion new taxes from the, quote, unquote fiscal cliff deal, what you see happening is, the lessening of on students. you don't see small businesses being able to grow and expand. the fact that you have a caveat in obamacare that says, if you go over 50 employees you're going to be, you know, fined or you have a mandate to provide certain type of health insurance. so we see people being taken off of full-time equivalency and being put on part-time. so these policies are affecting what he calls the beloved middle class. i don't believe there is a class or caste system in america but look what happened to median family incomes and especially black family median family incomes. they are absolutely dropping down to the, to the bottom. furthermore, you look at teenage unemployment, especially in the black community. it's atrocious. the real unemployment level in the black community is not just what it is reported between 13 and 14%. it is probably closer to 20%, neil. neil: why as a group, are african-americans, you could argue by extension hispanics in almost lockstep with t
he got $600 billion new taxes from the, quote, unquote fiscal cliff deal, what you see happening is, the lessening of on students. you don't see small businesses being able to grow and expand. the fact that you have a caveat in obamacare that says, if you go over 50 employees you're going to be, you know, fined or you have a mandate to provide certain type of health insurance. so we see people being taken off of full-time equivalency and being put on part-time. so these policies are affecting...
139
139
Jan 18, 2013
01/13
by
MSNBCW
tv
eye 139
favorite 0
quote 0
if you're a crisis junkie, we are in the position of not only did the fiscal cliff not end this, we'll talk about this, and talking about it and talking about it and whether there's a coherent set of here's what we do with spending and revenue, in march, $1.2 trillion, march 10th. i'm sure we get four days before that and somehow that sequester put in to june because we can't decide by march whatever. >> lynn, let's bring you back in to read what dylan matthews with "the washington post" has regarding new study showing that the 112th congress, even though they just wrapped up, looking back at the impact, the most polarizing ever. the democratic caucus got more liberal this past congress, a lot of blue dogs and conservative southern dems lost the seats in the 2010 elections. around 1976, the republican caucus shifted and grew rapidly more conservative and has continued to do so ever since. so we're looking, again, the second inauguration of president obama. high approval numbers, about the same that george w. bush had in the second term and i believe five points lower than what bill cli
if you're a crisis junkie, we are in the position of not only did the fiscal cliff not end this, we'll talk about this, and talking about it and talking about it and whether there's a coherent set of here's what we do with spending and revenue, in march, $1.2 trillion, march 10th. i'm sure we get four days before that and somehow that sequester put in to june because we can't decide by march whatever. >> lynn, let's bring you back in to read what dylan matthews with "the washington...
153
153
Jan 9, 2013
01/13
by
CNBC
tv
eye 153
favorite 0
quote 0
. >> we fixed the fiscal cliff. we're done. we're all good. >> i think we're going to be hearing more about this cliff in the second round. we've already heard it -- >> it abyss? the debt ceiling or abyss? our -- >> both. >> our long-term problems or the debt ceiling? both? >> both. absolutely both. you know, it's maybe early -- >> everybody's got the leave off the zeros, it's compelling. making $22,000. we're spending 38, adding $16,000 to our credit card every year. >> and you owe -- >> we already owe $150 -- $162,000. that does -- that hits home. can you imagine a household trying to operate like that? >> people write back that the analogy is flawed because the household, as a household you're earning currency -- it shows how much we've overspent. >> we cut -- and we raised $38 or something. >> it's too small, right? at $600 billion over ten years, it's not even a drop in the bucket. and i think we get to the debt ceiling debacle perhaps, you know, we've already heard the bid offer starting. we've heard the democrats say, lo
. >> we fixed the fiscal cliff. we're done. we're all good. >> i think we're going to be hearing more about this cliff in the second round. we've already heard it -- >> it abyss? the debt ceiling or abyss? our -- >> both. >> our long-term problems or the debt ceiling? both? >> both. absolutely both. you know, it's maybe early -- >> everybody's got the leave off the zeros, it's compelling. making $22,000. we're spending 38, adding $16,000 to our credit...
135
135
Jan 16, 2013
01/13
by
CNBC
tv
eye 135
favorite 0
quote 0
. >> what about all the activity we pulled from the first quarter based on the fiscal cliff you? think the first quarter is really going to be that much better? >> look at the information we have now. a pry pry try survey done by isi of home builders and said january will be a blockbuster month for home building, and let me bring up two other points that don't get mentioned here. the mortgage foreclosure settlement and a couple other things on the regulatory front, the liquidity ratios being eased up, a very good environment for lending, very solid for housing. i can see a lot more reasons to be positive than negative right now. >> if interest rates went up 100 basis points, you think housing would do as well? >> you think they will go up 100 basis points. >> my point is housing better do good at historically manipulated low rates. i don't see that it's bragging rights here. >> right, right. the minute interest rates going up, where is the blockbuster in housing building taking place, in the midwest or takingce in new york city, new york, the tri-metro area, boston, chicago, wher
. >> what about all the activity we pulled from the first quarter based on the fiscal cliff you? think the first quarter is really going to be that much better? >> look at the information we have now. a pry pry try survey done by isi of home builders and said january will be a blockbuster month for home building, and let me bring up two other points that don't get mentioned here. the mortgage foreclosure settlement and a couple other things on the regulatory front, the liquidity...
64
64
Jan 30, 2013
01/13
by
CSPAN2
tv
eye 64
favorite 0
quote 0
we are bringing those budgets to the fiscal cliff to perhaps create some fiscal room for more to be done for the committee that have to deal with health care. this is not just about cbo scores, but some who are maybe looking at the payment reforms and i think what has taken so long is the payment that appears and you have to have the numbers to get something to pass congress or whatever. so that has been the biggest challenge and continues to be the biggest challenge. i am slightly more optimistic because the process has slowed down a little bit in the coming months and could set up a reconciliation process that requires less votes in senate, makes it easier to pass controversial legislation that could put medicare on a more sustainable path. >> what's the next step in congress? >> i am a simple guy, so it's hard to say. there are plenty of people who are smarter and brighter than i am. but the biggest challenge we are facing in congress, unfortunately, is this finger-pointing exercise we all do. until we start learning and work together, it's going to be a difficult year. that is someth
we are bringing those budgets to the fiscal cliff to perhaps create some fiscal room for more to be done for the committee that have to deal with health care. this is not just about cbo scores, but some who are maybe looking at the payment reforms and i think what has taken so long is the payment that appears and you have to have the numbers to get something to pass congress or whatever. so that has been the biggest challenge and continues to be the biggest challenge. i am slightly more...
239
239
Jan 3, 2013
01/13
by
MSNBCW
tv
eye 239
favorite 0
quote 0
wait till after the fiscal cliff deal is done. i'm worried about that. then we'll take it up after that. chris christie, we have the chris christie press conference where he promised chris that, you know, pick up the phone. you call and lobby the members and i'll take care of it. and then he got his vote. shut down the house. and that was it. everybody feels like john boehner did not tell them the truth. >> so here's chris christie yesterday as well. >> there's only one group to blame for the continued suffering of these innocent victims. the house majority and their speaker, john boehner. we respond to innocent victims of natural disasters not as republicans or democrats but as americans. or at least we did until last night. last night the house of representatives failed. that most basic test of public service. and they did so with callous indifference to the suffering of the people of my state. i called the speaker four times last night after 11:20, and he did not take my calls. on a political chess board of internal palace intrigue politics, our peopl
wait till after the fiscal cliff deal is done. i'm worried about that. then we'll take it up after that. chris christie, we have the chris christie press conference where he promised chris that, you know, pick up the phone. you call and lobby the members and i'll take care of it. and then he got his vote. shut down the house. and that was it. everybody feels like john boehner did not tell them the truth. >> so here's chris christie yesterday as well. >> there's only one group to...
213
213
Feb 23, 2013
02/13
by
FOXNEWSW
tv
eye 213
favorite 0
quote 0
if you remember every time we have come up to whether it's the debt ceiling or first fiscal cliff, at the 11th hour, we had a deal. right now there is a deal in the works. there will be a deal. it will get done. by the way, i predict there will be a deal on entitlements before september. >> did you get that on your iphone prior to the show? >> no, no. i don't ever take talking point from them. but i just tell you, i know politics well enough, i think, to see the two people posturing themselves -- >> the thing is he's hoping the whole country will be under some kind of bizarre hypnosis and think we have money that we don't. >> you speak so negatively -- >> no, no. i do not. >> it's going to be fine.: >> i love this country and i think -- >> we have the ability to try and police ourselves a bit and t stop the wreckless spending and have the courage and fortitude to do so, we wouldn't be in the position we're s in.ou >> it's friday, let's pick it up. look good. >> coming up on "the five," an unbelievable shot. see, this is positive. at a basketball game, and itme wasn't made a by a playe
if you remember every time we have come up to whether it's the debt ceiling or first fiscal cliff, at the 11th hour, we had a deal. right now there is a deal in the works. there will be a deal. it will get done. by the way, i predict there will be a deal on entitlements before september. >> did you get that on your iphone prior to the show? >> no, no. i don't ever take talking point from them. but i just tell you, i know politics well enough, i think, to see the two people posturing...
98
98
Feb 4, 2013
02/13
by
MSNBCW
tv
eye 98
favorite 0
quote 0
in the deal that ended the fiscal cliff, the tax rate at least for folks at the very top of the income scale, above $450,000, on capital gains and dividends, capital gains is what you get when you sell an appreciated stock. its value goes up. those are called capital gains. 20% is already below the tax rate that folks at the top of the scale pay on their earnings. so the president is saying there's a lot more room there to close out some of those loopholes and deductions. you mentioned carried interest. that's a deal where the manager of a drugstore gets taxed at the ralt of his earnings. a manager of a hedge fund gets those special privileged tax rates on the capital gains or the dividends. >> now, angela, i know you're a political strategist, but you worked on the hill with some of the congress people that represented some of the more working class districts in the country. and this is not about class warfare. when you look at the fact that the bottom 20% of americans only get 3% of all tax breaks, the top 20% get 66% of all tax breaks. we're talking about inequality here. we're not
in the deal that ended the fiscal cliff, the tax rate at least for folks at the very top of the income scale, above $450,000, on capital gains and dividends, capital gains is what you get when you sell an appreciated stock. its value goes up. those are called capital gains. 20% is already below the tax rate that folks at the top of the scale pay on their earnings. so the president is saying there's a lot more room there to close out some of those loopholes and deductions. you mentioned carried...
168
168
Jan 3, 2013
01/13
by
CNNW
tv
eye 168
favorite 0
quote 0
cliff, those didn't go well. they ended up not seeing any fruit. that's the reason -- very interesting conversation just between here and down there, which is where his office is. >> it sounds troubling to the layperson, i'm done negotiating, but let me get in -- >> done negotiating, regular order is the new order. give me your thoughts. >> well, look, i think the question is what the learning curve is inside the conference, because those negotiations. john boehner is a deal maker at the end of the day of the old school. the negotiation had president obama, whether it's the debt ceilings from august 2011 or the most recent round, they didn't come to any fruition, because john boehner's negotiating position was undercut bit the far right wing of his caucus. when the dust clears, when those folks realized they ended up with a worse deal than think might have been done if they voted for plan b or backed the grand bargain in august 2011, whether that learn curve adjusts their strategy going forward. at the end of the
cliff, those didn't go well. they ended up not seeing any fruit. that's the reason -- very interesting conversation just between here and down there, which is where his office is. >> it sounds troubling to the layperson, i'm done negotiating, but let me get in -- >> done negotiating, regular order is the new order. give me your thoughts. >> well, look, i think the question is what the learning curve is inside the conference, because those negotiations. john boehner is a deal...
144
144
Jan 2, 2013
01/13
by
WTTG
tv
eye 144
favorite 0
quote 0
. >> at least we banned the fiscal cliff. >> see how fast the focus shifts. that's right. >>> so you got most of this or much of it done. but first, give me your overall impression about how things went yesterday, last night. what it was like in there dealing with all this and having it come not down to the wire but over the wire. >> sure. this has been a roller coaster as the american public has followed this. i'm glad we were able to get it done. bipartisan vote first in the senate and then in the house. and the key was speaker boehner allowing the house to work its will. at the end of the day this passed when a vote to two democrats to every republican supporting it. democrats wanted to move forward on what was clearly a compromise proposal. compromise in the senate and we thought it was important to do the right thing for the country. there are things in here people don't like. there are things in here i don't like but overall, that's what compromise is all about. >> i want to get to some of the specifics in a moment. since you mentioned speaker boehner.
. >> at least we banned the fiscal cliff. >> see how fast the focus shifts. that's right. >>> so you got most of this or much of it done. but first, give me your overall impression about how things went yesterday, last night. what it was like in there dealing with all this and having it come not down to the wire but over the wire. >> sure. this has been a roller coaster as the american public has followed this. i'm glad we were able to get it done. bipartisan vote...
328
328
Jan 1, 2013
01/13
by
KPIX
tv
eye 328
favorite 0
quote 0
cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. tara mergener is in washington with more this morning. tara, good morning to you. >> reporter: good morning, terrell. well, a deal is now on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here. but i think we can say we've done some good for the country. >> r if the bill eventually becomes law, the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the altern
cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. tara mergener is in washington with more this morning. tara, good morning to you. >> reporter: good morning, terrell. well, a deal is now on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate...
188
188
tv
eye 188
favorite 0
quote 0
those hours spent on the fiscal cliff are in the rear-view mirror. congress finally reached an agreement. >> the house sealed a deal with a late-night vote and president obama had something to say before leaving town for hawaii. abc's karen travers tracking it all in washington. good morning, karen. >> good morning, paula. good morning, john. it wasn't pretty. neither party got what they wanted, and they department even get it done on time. but last night, congress sent president obama a deal on the fiscal cliff. after months of drama and some tense last-minute negotiations, congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden opportunity for everybody. >> reporter: lawmakers completely blew their deadline. they didn't get the grand bargain that both parties claimed was their ultimate goal. both democrats and republicans gave themselves credit for getting something done. >> this is a very
those hours spent on the fiscal cliff are in the rear-view mirror. congress finally reached an agreement. >> the house sealed a deal with a late-night vote and president obama had something to say before leaving town for hawaii. abc's karen travers tracking it all in washington. good morning, karen. >> good morning, paula. good morning, john. it wasn't pretty. neither party got what they wanted, and they department even get it done on time. but last night, congress sent president...
95
95
Jan 30, 2013
01/13
by
CSPAN
tv
eye 95
favorite 0
quote 0
i believe that rather than have sequestering fiscal cliff, we can sit around a room and get things done and negotiate. that is what is not happening. >> let's come back to striver city. farai chideya, you are the ceo of this company. >> this is earth worm. that does not sound as good as mr. president. >> you make more. you have been listening to this conversation. is it helping you? >> no. as a business person, i think of two things when i hear this conversation. the first is the most obvious and necessary reforms we have to make for job creation, competitiveness and a balanced approach is lower the taxes and close the loopholes. lower every rate. close every loophole so there is no negotiation over it. it produced revenue, help small businesses -- it would produce revenue, help small businesses. i worry about little businesses because they are my source of supplies, and addition, employees. they create most of the jobs in the communities. the other thing i think about his running a business, imagine the federal government were a business and every single department had its budget incre
i believe that rather than have sequestering fiscal cliff, we can sit around a room and get things done and negotiate. that is what is not happening. >> let's come back to striver city. farai chideya, you are the ceo of this company. >> this is earth worm. that does not sound as good as mr. president. >> you make more. you have been listening to this conversation. is it helping you? >> no. as a business person, i think of two things when i hear this conversation. the...
103
103
Jan 2, 2013
01/13
by
CNBC
tv
eye 103
favorite 0
quote 0
we will have another huge melt down, another round of washington hysteria surrounding the fiscal cliff. and to me, i don't think this is a good way to run the government, to run the country, run the economy, when we are fragile enough. we should have done everything at once. we should have had the senate act on our budget in the spring. back in august when the house passed it and we should approach this, and i would say a same methodical thoughtful manner and not wait for two months to reenact this whole play all over again. >> congressman waters, tyler mathisen, welcome back. we were talking about what specific changes to medicare, if any, you could embrace by way of restraining the growth of spending there. and i'm not sure, in the heat of the discussion over taxes and so forth, that we got the answer. and i want to repose the question. do you acknowledge that we have to restrain the growth of spending in some of our retitlement -- entitlement programs and if you do acknowledge that, how would you do it? let me say what i think we really do have to acknowledge. there are the very pri
we will have another huge melt down, another round of washington hysteria surrounding the fiscal cliff. and to me, i don't think this is a good way to run the government, to run the country, run the economy, when we are fragile enough. we should have done everything at once. we should have had the senate act on our budget in the spring. back in august when the house passed it and we should approach this, and i would say a same methodical thoughtful manner and not wait for two months to reenact...
56
56
Feb 17, 2013
02/13
by
CNN
tv
eye 56
favorite 0
quote 0
i guess to me it's a little bit like the fiscal cliff only now it involves the military and these men saying, we won't be able to do this and the force will be hollowed out. et cetera, et cetera. answer me this. if these cuts not just go into effect but are allowed to stay into effect, let's say nothing gets done even after that march 1st deadline, will the u.s. be less safe as a result of these across-the-board cuts? >> a couple of things. first of all, the president lined this up in a way that put us in this problem. by calling for an across-the-boards cut in the military and intelligence business. that's dangerous. it means that they can't manage -- >> can i just say you all agreed to it. >> yes. but this was the proposal by the president so some notion that it has been shifted to the republicans, i want to see a way out of this for the simple reason that the across-the-board cut, it is damaging to our national security and our national defense for the simple reason that they can't manage the reductions in spending. i argue the best way to go through this sequester, and i do believ
i guess to me it's a little bit like the fiscal cliff only now it involves the military and these men saying, we won't be able to do this and the force will be hollowed out. et cetera, et cetera. answer me this. if these cuts not just go into effect but are allowed to stay into effect, let's say nothing gets done even after that march 1st deadline, will the u.s. be less safe as a result of these across-the-board cuts? >> a couple of things. first of all, the president lined this up in a...